Summit Securities Limited (SUMMITSEC) AI Stock Analysis

• Market Cap: ₹18.18B
• Dividend Yield: N/A
• Average Volume (3M): 357.00
• Price to Earnings (P/E): 14.8
• Beta (1Y): 2.07
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 5
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 15.61
• Shares Outstanding: 10,901,781
• 10 Day Avg. Volume: 338
• 30 Day Avg. Volume: 357
• PEG Ratio: -3.27
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 16.80
• P/FCF Ratio: 28.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹1,785.00 ▼(-21.14% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is supported primarily by strong financial positioning (very low leverage and solid profitability with generally decent cash conversion). This is tempered by weak technicals (below key moving averages with negative MACD) and only neutral valuation support (P/E ~20.8 with no dividend yield data).

Positive Factors

Conservative balance sheet

Very low leverage and an expanded equity base provide durable financial resilience: capacity to absorb shocks, maintain regulatory/compliance buffers, and pursue opportunities (organic investment or selective M&A) without relying on external debt, supporting multi-quarter stability.

High profitability and margins

Sustained high gross and operating margins indicate structural pricing or cost advantages in core activities. Durable margins support reinvestment, cushion cyclical revenue swings, and create long-term free cash flow potential even if top-line growth slows intermittently.

Generally solid cash generation

Consistent cash conversion of earnings into free cash flow underpins internal funding for operations and capital needs. Reliable cash generation reduces dependence on external capital, enabling steady funding of strategic initiatives and bolstering operational independence over months.

Negative Factors

Revenue volatility

Material year-to-year revenue swings reduce forecasting visibility and weaken the durability of earnings. For a capital-markets franchise, uneven top-line trends complicate resource planning and risk management, and can erode investor confidence in multi-quarter growth sustainability.

Inconsistent operating cash flow

Episodes of negative operating cash flow signal susceptibility to working-capital swings or episodic drains. This inconsistency raises the risk that the firm may need external liquidity in stress periods, undermining the stability implied by headline leverage metrics over several quarters.

Low returns on equity

A large equity base with very low ROE implies inefficient capital deployment. Over a 2-6 month horizon, low capital productivity limits internal growth funding, constrains shareholder value creation, and increases pressure to improve operational leverage or pursue higher-return initiatives.

Summit Securities Limited Business Overview & Revenue Model

Company Description

Summit Securities Limited, a non-banking financial company, engages in investment and financial activities. The investments of the firm are typically long term in nature and predominantly in the equity markets. The firm typically invests in companies in real estate sector. Summit Securities Limited was formerly known as RPG Itochu Finance Limited. The company was incorporated on January 30, 1997 and is based in Mumbai, India.

How the Company Makes Money

Summit Securities Limited Financial Statement Overview

Summary

Strong balance sheet with essentially no leverage and an expanded equity base supports financial resilience. Profitability is a strength, but revenue and margin metrics are volatile across years, and returns on equity are modest; cash flow is generally supportive but has shown unevenness including a negative operating cash flow year.

Income Statement

Profitability is a clear strength, with very high gross profit and EBIT/EBITDA margins in recent years and net margins remaining strong. However, the revenue line is volatile (including a decline in 2025 and a sharp low base in 2021), and profitability ratios show inconsistencies across years (e.g., unusually high margins in 2020 and several years with EBIT margin listed as 0), which reduces confidence in earnings stability and comparability.

Balance Sheet

The balance sheet is conservatively positioned with essentially no leverage (debt-to-equity near zero across the period) and a large equity base that has expanded versus earlier years. The main drawback is modest returns on equity (roughly ~0.4%–1.1% across the period), indicating the company is not converting its capital base into high shareholder returns despite the strong capitalization.

Cash Flow

Cash generation is generally solid, with positive operating cash flow in most years and free cash flow closely tracking net income (near 1x in the years provided), supporting earnings quality. That said, operating cash flow turned negative in 2021 and has been uneven year-to-year, which is a risk flag for consistency of cash conversion through cycles.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.26B	1.26B	689.58M	491.59M	643.63M	66.71M
Gross Profit	1.23B	1.23B	663.96M	470.22M	618.51M	47.04M
EBITDA	1.19B	1.13B	979.08M	453.15M	703.15M	259.62M
Net Income	858.37M	685.96M	757.30M	370.62M	508.31M	182.99M
Balance Sheet
Total Assets	0.00	113.77B	100.78B	56.40B	49.36B	54.35B
Cash, Cash Equivalents and Short-Term Investments	113.27B	85.68M	54.30M	264.49M	317.45M	53.52B
Total Debt	0.00	0.00	4.79M	4.48M	11.11M	14.62M
Total Liabilities	-98.66B	15.10B	10.68B	5.34B	4.55B	4.99B
Stockholders Equity	98.66B	98.66B	90.26B	51.06B	44.82B	49.36B
Cash Flow
Free Cash Flow	0.00	743.48M	361.17M	379.07M	464.98M	-13.79M
Operating Cash Flow	0.00	743.48M	361.81M	379.15M	465.08M	-13.59M
Investing Cash Flow	0.00	-766.96M	-572.50M	-432.15M	-219.52M	-234.40M
Financing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00

Summit Securities Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMCGLOBAL	73 Outperform	₹16.06B	18.97	―	0.70%	-5.03%	-54.73%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TFCILTD	66 Neutral	₹32.88B	27.03	―	0.92%	5.73%	12.29%
SUMMITSEC	64 Neutral	₹18.18B	14.76	―	―	―	―
MONARCH	64 Neutral	₹22.06B	13.70	―	0.33%	-7.85%	-11.22%
KICL	57 Neutral	₹21.93B	50.83	―	―	―	―
INDOTHAI	51 Neutral	₹32.72B	85.55	―	0.03%	27.84%	-84.51%